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ICE BRENT: (V18) Bearish Break *RES 4:....>

OIL TECHS
OIL TECHS: ICE BRENT: (V18) Bearish Break
*RES 4: $75.79 - High July 30
*RES 3: $75.54 - 55-DMA
*RES 2: $74.73 - 21-DMA 
*RES 1: $74.35 - Low July 26, 27
*PRICE: $73.92 @ 0150GMT
*SUP 1: $73.48 - Low July 25
*SUP 2: $72.78 - Low July 23 
*SUP 3: $71.90 - Low July 19 
*SUP 4: $71.30 - Low July 18 
Yesterday's selloff has broken uptrend support from the July 18 lows and shifted
the focus squarely bearish. The next level of support comes in at the July 25
low of $73.48. Bulls need to rally back above $74.35, which marks the lows seen
on July 26,27, to repair some of the technical damage. 

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